Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K was the target of unusually large options trading activity on Thursday. Stock investors bought 12,664 call options on the company. This is an increase of approximately 52% compared to the typical daily volume of 8,349 call options.
Hedge Funds Weigh In On Kinross Gold
Several institutional investors and hedge funds have recently bought and sold shares of KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock worth $25,000 after purchasing an additional 1,412 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in Kinross Gold by 30.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold in the fourth quarter valued at about $42,000. Global Retirement Partners LLC boosted its holdings in Kinross Gold by 747.0% in the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in Kinross Gold by 246.3% during the 4th quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock worth $67,000 after purchasing an additional 5,140 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Kinross Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. CIBC upped their price target on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.63.
Read Our Latest Analysis on KGC
Kinross Gold Price Performance
Shares of KGC traded up $0.30 during trading hours on Thursday, hitting $11.43. 12,208,022 shares of the stock were exchanged, compared to its average volume of 22,628,934. The stock's 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold has a 12-month low of $5.44 and a 12-month high of $12.28.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a return on equity of 12.65% and a net margin of 18.43%. Research analysts expect that Kinross Gold will post 0.81 earnings per share for the current year.
Kinross Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 5th. Kinross Gold's dividend payout ratio is currently 15.58%.
About Kinross Gold
(
Get Free Report)
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.
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